Due to the significant economic impact represented by the high municipal rates in Córdoba, Mercado Libre announced the closure of its offices in the city and the implementation of a 100% remote work scheme for employees at its software development center, currently located in the Capitalinas complex.
The company, a leader in e-commerce in Latin America, detailed that it pays around 770 million pesos (1,698,000 pounds) per month in local taxes, a figure that, according to their statement, is almost 24 times the monthly cost of renting the current office.
The technology center that the company has in Córdoba provides support and solutions to multiple company operations. "The amount is completely disproportionate to the activity carried out by the company and the size of its team and office in the capital of Córdoba, in addition to being the highest compared to other locations with similar operations," the company stated in an official release.
"There is no equivalent compensation in infrastructure or an improvement in services that would justify such a burden," they added.
Regarding the closure of its physical offices in Córdoba, Mercado Libre clarified that the measure is the result of several months of dialogue with municipal authorities and that "it doesn't in any way imply the closure of operations in the City of Córdoba or a reduction in staff."
